Tag: record
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Crude oil prices rise by more than 1% and record weekly losses – (Update)
Crude oil prices rose by more than 1%, at the end of today’s trading, Friday, March 10 (2023), after a volatile session, with the decline of the US dollar, but it recorded weekly losses. Drilling rigs drilling for oil in the United States decreased by two rigs, bringing the total to 590 rigs, according to…
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Crude oil prices rise 2% and record weekly gains – (Update)
Crude oil prices rose at the end of trading today, Friday, March 3 (2023), to achieve weekly gains, with Brent crude rising near $86 a barrel. The recovery of factory activity in China, the world’s largest oil importer, offset growing concerns about rising US crude inventories and the possibility of interest rate increases in Europe.…
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Emirates energy shares rise after achieving record business results in 2022
The Emirati energy stock rose during trading today, Tuesday, February 14, after announcing record business results during the past year (2023), with the support of the oil and gas sector and the increase in expansion of renewable energy projects. Abu Dhabi National Energy Company, one of the largest integrated utility companies listed in the financial…
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Crude oil prices rise by more than 2% and record weekly gains – (Update)
Crude oil prices rose by more than 2%, at the end of today’s trading, Friday, February 10 (2023), to achieve weekly gains. This came with Russia’s announcement of plans to cut oil production next month after the West imposed ceilings on oil prices and petroleum products in the country. Crude oil prices began their trading…
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Fuel prices in France are nearing a new record high
Fuel prices in France have continued to rise since the beginning of this year (2023), after the end of the discounts offered by the government and Total Energy, amid fears of the repercussions of the labor union strike again on January 31. The data – provided by the French government today, Monday, January 30, and…
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Oil and gas production in Norway may rise to record levels in 2023
Oil and gas production in Norway is expected to rise to record levels in 2023, serving Europe’s aspirations to rely on the country to compensate for the lack of Russian supplies. And the Norwegian Oil Directorate revealed – today, Monday, January 9 (2023) – that Norwegian oil production is expected to increase by 6.9% this…